Loan Sharks Rejoice - Greece 2-Year Notes at 20% !
Investors in Greece investors celebrated today. They were awfully happy that their government was able to go to the open market and float 2-year notes at a yield of 20%. What a deal!!!!! OPA! The news...
View ArticleGreece "Essentially Bankrupt" Says Analyst With World's Most...
Andrew Balls head of European portfolio management for Pimco -- and brother of current English Parliamentarian/former Economic Secretary to the Treasury Ed Balls -- tells Bloomberg that Greece is...
View ArticleFinancial Prognosticators Completely Obsessed With Saying Greece is...
Ladies and gentlemen it looks like we have a winner in the Summer 2011 Financial Jargon Arms Race:"Kicking the can."Yes "tipping point " "net-net" and "zero-sum game" look like they may have been...
View ArticleGreece Puts on the Red Light, Sells its Assets to the Night
There's a fire sale going on in Greece right now as the cash-strapped government desperately tries to raise €50 billion by 2015.The Wall Street Journal's Charles Forelle reports that items up for sale...
View ArticlePension Protests Hardly Limited to Greece
As Greece burns in the wake of massive protests over -- among other things -- deep pension cuts imposed by the European Union it seems that global social mood has "gone Hellenic" as well.While the...
View ArticleGreece's Historical Landmarks at a Low, Low Price
Yesterday a British court ruled to evict Occupy London protesters from historic St. Paul’s Cathedral where they have been camped out since October. Along with hygiene and public safety concerns the...
View ArticleTime to Buy Greek Real Estate?
Back in January the Greek culture ministry decided to open up the country’s historic landmarks to renters starting with the Acropolis. The excuse was that the move would “facilitate access to the...
View ArticleGreece's New Spin on an Old Currency System
Greece’s upcoming elections on June 17th can and probably should be seen as a referendum on whether the country will remain a part of the Eurozone. On one side sit groups in favor of keeping austerity...
View ArticleGreece Hardest-Working Country in Europe, Says Greece
Last week we talked about a small group of Greeks who had turned to an old-school trading system in the face of the economic crisis. Thanks to worries about an EU exit barter economics grew...
View ArticleBorn to Run on the Banks?
Editor's Note: The following is a free edition of Jeff Cooper's Daily Market Report. For a two-week FREE trial of his daily commentary and nightly day and swing trading picks click here. The highway’s...
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